1 Required informetion The followng information applies to the questions displayed below] On January 1, 2024, Splash Ciry issues $480,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 euch year: Assuming the market interest rate on the issue date is 8%, the bonds will issue at $447,385. 2. Record the bond issue on Jantrary 1,2024, and the first two semiannual interest payments on June 30, 2024, and December 31 . 2024. of no entry is required for a porticular tronsaction/event, select "No Journal Entry Required" in the first account field. Round your intermediote and final answers to the nearest whole dollor.) Journal entry worksheet 3